This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following statements best defines the economics of the so-called superstar effect in ... (Read 175 times)

Sufayan.ah

  • Hero Member
  • *****
  • Posts: 512
on: Jun 30, 2018
Which of the following statements best defines the economics of the so-called superstar effect in the labor market?
 a. This effect will result in cases in which individuals with large productivity differences receive vastly different compensation.
  b. This effect occurs in cases in which individuals with small productivity differences receive very small differences in compensation.
  c. This effect occurs when the firm hiring the superstar simply does not understand the term marginal-revenue product.
  d. This effect occurs in cases in which individuals with small productivity differences receive vastly different compensation.
  e. This effect usually occurs in industries in which a labor union has far-reaching powers.

Question 2

If demand is unit-elastic, then a 5 decrease in price will lead to an increase in quantity demanded by 5 units.
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fdliggud

  • Sr. Member
  • ****
  • Posts: 366
Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

False


Sufayan.ah

  • Member
  • Posts: 512
Reply 2 on: Jun 30, 2018
Gracias!

AmberC1996

  • Member
  • Posts: 317
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Experimental evidence of the effect of allelochemicals on plant production. Experimental evidence of the effect of allelochemicals on plant production.
Persian leopard (Panthera pardus ciscaucasica), also called Caucasian leopard Persian leopard (Panthera pardus ciscaucasica), also called Caucasian leopard
Effect of Landfall Effect of Landfall
Effect of Atmospheric Stability Effect of Atmospheric Stability
The Economics of Money, Banking and Financial Markets, Business School Edition The Economics of Money, Banking and Financial Markets, Business School Edition
Smoking’s effect on lungs Smoking’s effect on lungs
Video: Renin/Angiotensin (water gain from urine & Na ion and water reabsorption)

For a complete list of videos, visit our video library